Movoto Real Estate
Sold on 01/19/2021
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1429 Bailey St, Lansing, MI 48910

$90,000

Last sold 01/19/2021 for $12.5K

  • 3

    bed

  • 1.5

    bath

  • 1,200

    Sqft ($10/Sqft)

Multi-family not for sale

About 1429 Bailey St

Property type Multi-family
Neighborhood
Year built 1913
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
GREAT 2 STORY INCOME AND CASH FLOW OPPPRTUNITY! BOTH UNITS ARE RENTED WITH LEASE. 2BD, 1 BATH IN LOWER UNIT, WITH ACCESS TO BASEMENT. 1 BD, 1 BATH IN UPPER UNIT, NO ACCESS TO BASEMENT. OWNER PAYS GAS, WATER-SEWER. TENANTS PAY ELECTRIC. APPLIANCES STAY, FURNACE 08, 2 HWH (08, 99). CITY INSPECTION 9/2011, GOOD FOR 2 YRS. NOT A SHORT SALE OR FORECLOSURE. 24 HOUR SHOWING NOTICE. Buyer is responsible for state and city/county transfer taxes, and owners title policy.
Listed by
Listing Agent - MaryAnn Baer
Listing Office - Keller Williams Realty Lansing-East
Source: Greater Lansing Area Realtors mls logo
MLS#41645 • last updated 5 years ago
Movoto checked Greater Lansing Area Realtors for data 6 minutes ago
Overview
Heating Forced Air, Forced Air - Gas, Natural Gas
Levels/Style Two
Property Taxes 1583
Year Built 1913
Interior
Basement Crawl Space, Full, Partially Finished
Exterior
Exterior Vinyl Siding
# Parking Spaces 2
Parking Desc No Garage
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Heater Gas Natural
Utilities Cable Available
Security Features Smoke Detector(s)
Location
County Ingham
Zoning Residential
APN 33-01-01-22-305-071
Directions Cedar S To Baker, E To Bailey, N To House
Multifamily Details
Unit 2: Rooms 4
Unit 2: Finished Sqft 432
Unit 1: # Washers 1
Unit 1: Rooms 5
Unit 1: Monthly Income 550
Unit 2: Bedrooms 1
Unit 1: Bedrooms 2
Unit 2: Unit 2
Unit 1: Tenant Name Yes
Unit 1: # Ranges 1
Unit 1: Baths 1
Unit 1: # Ovens 1
Unit 2: Tenant Name Yes
Unit 2: # Refrigerators 1
Unit 1: # Dryers 1
Unit 2: # Ranges 1
Unit 1: Finished Sqft 768
Unit 1: # Refrigerators 1
Unit 2: # Ovens 1
Unit 2: Monthly Income 400
Unit 2: Baths 1
Unit 1: Unit 1
Total # Of Units 2
Lot/ Land Details
Land & Acreage Up To 1/4 Acre
$90K
Range: $63.9K-$116K
Last 30 days 
Rental est.: $1,295/month
Gross rent multiplier: 0.8 - Excellent
  • Nov 2012
    Public Records
  • Nov 19, 2012 Sold
    $12,500
  • Nov 2012
    mls logo MLS # 41645
  • Nov 2, 2012 Sold
    $12,500 (-16.7%)
  • Oct 4, 2012 Listed
    $15,000
  • Year Property taxes Tax assessment
  • 2024
    $4,856 -34.9%
    $42,600 +23.48%
  • 2023
    $7,460 +49.9%
    $34,500 +28.73%
  • 2022
    $4,978 +63.4%
    $26,800 -10.96%
  • 2020
    $3,047 +95.6%
    $30,100 +37.44%
  • 2017
    $1,558 -40.0%
    $21,900 +19.67%
  • 2014
    $2,597
    $18,300
  • 1429 Bailey St
    $12.5K
  • Southside
    $143K
  • 48910
    $139K +3% y/y
  • Lansing
    $150K -3% y/y
No chart available
Statistics calculated by Movoto

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2/10
Lyons School
public Grades PK, K-3
Lansing Public School District
5/10
Pattengill Academy
public Grades PK, K-7
Lansing Public School District
3/10
Eastern High School
public Grades 7-12
Lansing Public School District
Source: GreatSchools.org © 2026. All rights reserved.

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